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Contingency Increase <br />Broadway Rehabilitation Project <br />December 2, 2013 <br />Page 2 <br />During construction there were cost savings and other cost efficiencies that resulted in a total cost <br />well below the contract. After evaluation, staff recommended to the City Council the addition of <br />traffic calming bulb -outs at five intersections along the route (Exhibit 1) and upgrades to the <br />antiquated streetlight system along Broadway from McFadden Avenue to Borchard Avenue. <br />On May 6, 2013, the City Council authorized an $80,000 increase in the contract contingency to <br />complete the bulb -outs and streetlight upgrades. While the actual cost of the additional work <br />was $242,212, preliminary estimates projected that there would be some contingency remaining <br />in the construction contract. Therefore, staff requested only what was needed above and <br />beyond the contract authorized limit. <br />Now that project construction and final closeout accounting have been completed, it has been <br />determined that the original contract contingency was needed for the original scope of the <br />project. Therefore, staff is requesting an additional $200,000 to close out the contract. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Proposition 1 B unrecognized interest earnings will be accepted into the Proposition 1 B Fund <br />revenue account (03017002- 50001) and appropriated into the Proposition 1B Fund expenditure <br />account (03017660- 66220, Project No. 116746). <br />Edwin "William' Galvez, P.E. <br />Interim Executive Director <br />Public Works Agency <br />EWG:TC <br />Exhibits: 1. Bulb -out Locations <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez _ -- <br />Executive Director <br />Finance & Management Services Agency <br />23A -2 <br />